GBPJPY Price Analysis Expected Scenario The GBPJPY pair touched 198.75 level during the last decline, approaching the first waited target and forms some mixed trades in order to gather the required additional negative momentum to resume the correctional bearish attack on the near-term and medium term period. The frequent stability below 200.70 resistance line and stochastic negative momentum signals allow us to wait to break 198.55 to ease the mission of targeting 197.80 and 197.10 levels. Expected Trading Range Between 200.20 support and 198.55 resistance.

Trend Forecast: Bearish